Orbis Turkish Scrap Forecaster Orbis Turkish Scrap Forecaster

Orbis HRC CIS Export Forecaster Orbis HRC CIS Export Forecaster

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In late January, output of all CISA members had totaled 2.0136 million mt, up 1.32 percent compared to mid-January (January 11-20).

Inventory levels in the Chinese steel market increased significantly in the given period. As of February 10, the finished steel inventories of large and medium-sized steel enterprises in China amounted to 16.854 million mt, rising by 3.1714 million mt or 23.18 percent compared to January 31.

As of February 11, rebar futures at the Shanghai Future Exchange were standing at RMB 4,905/mt ($770/mt), increasing by RMB 76/mt ($12/mt) or 1.6 percent since January 28.